SiriusPoint (NYSE:SPNT) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

SiriusPoint (NYSE:SPNT) issued its earnings results on Wednesday. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18, FiscalAI reports. The firm had revenue of $973.70 million for the quarter, compared to analysts’ expectations of $773.00 million. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%.

SiriusPoint Price Performance

NYSE SPNT traded down $0.37 on Wednesday, reaching $20.62. The company’s stock had a trading volume of 573,123 shares, compared to its average volume of 612,009. SiriusPoint has a twelve month low of $13.26 and a twelve month high of $22.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57. The firm’s 50 day moving average is $20.94 and its two-hundred day moving average is $19.65. The stock has a market cap of $2.41 billion, a PE ratio of 12.97 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPNT shares. Raymond James Financial started coverage on SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th. Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SiriusPoint presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its holdings in shares of SiriusPoint by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock worth $298,000 after buying an additional 916 shares during the last quarter. Boothbay Fund Management LLC raised its stake in SiriusPoint by 0.9% during the 3rd quarter. Boothbay Fund Management LLC now owns 116,800 shares of the company’s stock valued at $2,113,000 after purchasing an additional 1,007 shares during the last quarter. Mariner LLC boosted its holdings in SiriusPoint by 5.3% in the 3rd quarter. Mariner LLC now owns 23,220 shares of the company’s stock valued at $420,000 after purchasing an additional 1,179 shares during the period. EverSource Wealth Advisors LLC grew its position in SiriusPoint by 187.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after purchasing an additional 1,377 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in SiriusPoint by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company’s stock worth $967,000 after purchasing an additional 2,480 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Company Profile

SiriusPoint Ltd. is a global insurance and reinsurance company headquartered in Bermuda, offering a broad range of property and casualty solutions to clients around the world. The company operates through two core segments: reinsurance, which provides treaty and facultative coverage across property, casualty and specialty lines; and insurance, which underwrites specialty programs, fronting arrangements and other tailored products for commercial and niche markets. This integrated model allows SiriusPoint to leverage shared underwriting expertise and capital efficiency across its product suite.

On the reinsurance side, SiriusPoint’s offerings include coverage for natural catastrophes, casualty losses, political risk and other complex exposures, with both proportional and non-proportional treaty structures.